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5.37%MoonPay Buys Crypto Payment Processor Helio for $175M
MoonPay's acquisition of Helio is reportedly valued at $175 million.
Updated Jan 14, 2025, 6:58 p.m. Published Jan 13, 2025, 9:14 p.m.
What to know:
- MoonPay is buying Helio, a Solana-powered crypto payment processor.
- The deal is reported to have a price tag of $175 million.
- "This acquisition is an important step in advancing our vision for the future of payments,” said MoonPay CEO.
MoonPay, a crypto infrastructure service provider, has bought Helio, a Solana-powered crypto payment processor. According to Fox Business, the deal is reportedly worth $175 million.
The Miami-based company aims to expand its trading and marketplace volume using Helio's products. "This acquisition is an important step in advancing our vision for the future of payments,” said Ivan Soto-Wright, CEO and co-founder of MoonPay, in a statement. “Helio’s technology and expertise strengthen our ability to deliver efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces."
Helio, a London-based startup, was launched in 2022 and enables businesses to process payments via digital currencies such as USDC, SOL, BTC and ETH, among others. Helio has already processed over $1.5 billion in transactions and has integrated with platforms including Discord, WooCommerce, and Shopify.
STORY CONTINUES BELOW
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The company supports over 6,000 merchants and one million users. Meanwhile, MoonPay has over 20 million users, the statement said.
The deal comes after MoonPay formed a strategic partnership with PayPal in May to use PayPal accounts for buying and selling over 100 cryptocurrencies on its platform. Then, in October, PayPal announced that eligible U.S. users could use Venmo to fund their accounts on MoonPay.
Siamak Masnavi
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
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